I have to look at nike's 2021 financial statements https://s1.q4cdn.com/806093406/files/doc_downloads/2021/08/NIKE-Proxy2021-w-Proxy-Card.pdf

1 List a few examples of the companys long-term assets. What is their value to the business? Why do investors care about them? Hint: Look at the balance sheet and the notes to the financial statements.

2. What is the depreciation method that the company uses and the estimated useful lives of the assets? Could the company use depreciation to manage earnings and if so, how? Hint: Look at the notes to the financial statements.
3. Compute the companys asset turnover. Show your work. How does it compare to the footwear/apparel industry average? Explain. Hint: Use the totals on the balance sheet and income statement. Search on the web for the industry average.
4. Does the company list any intangible assets? If yes, what is their business purpose and how are they amortized? Hint: Look at the balance sheet and the notes to the financial statements.